• Pete

Take the Good with the Bad

Consumer Prices fell 0.8% as expected driven by the drop in demand for gas, services, and the fall off in airline travel. That is down from the previous read of 0.4% and the most since the 2008 recession.

The national average price of gas is $1.847. In the last week we saw posting as low as $0.99 at various times in Wisconsin, Kentucky, Tennessee, Oklahoma and others. In Hawaii and California, the price remains above $3.00.

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Hotter than expected CPI signals inflation. See the report here https://www.cnbc.com/2021/06/10/cpi-may-2021.html?__source=newsletter%7Cbreakingnews